Iran oil sales

France dangles $15b bailout for Iran in effort to save nuclear deal

A senior Iranian delegation arrived in Paris on Monday to work out the details of a financial bailout package that France’s president, Emmanuel Macron, intends to use to compensate Iran for oil sales lost to American sanctions. In return for the money, Iran would agree to return to compliance with a 2015 nuclear accord.

Trade

Iran could restore oil output to pre-sanctions level within three days: Minister

Iran would need three days to lift its oil production back to the level it was at before US sanctions were imposed, the semi-official Mehr news agency quoted Iranian Oil Minister Bijan Zanganeh as saying on Tuesday.

Energy

US offers Iran credit lines, limited crude sales

US President Donald Trump said Monday he’d support extending what he called a “letter of credit” to Iran, secured by oil, to help the country meet short-term financial obligations.

Energy

China continued Iran oil imports in July in teeth of US sanctions: Report

Iran is now relying on the Asia’s rising dragon to be a helping hand in its oil sales as the US sanctions impede foreign Iranian crude flow. The latest data show China is trying hard to prove the US can’t affect its economy.

Energy

Iran’s vice president urges China, friendly countries to buy oil

After one year of the imposition of oil sanctions, Iran’s economy now enjoys a stable status. Iran expects friend countries to act more actively in buying Iranian oil, Iran’s Vice President Jahangiri said.

Energy

Iran says tanker incidents have not impacted its oil sales

Iran’s Oil Minister, Bijan Zanganeh, said on Sunday that the country’s oil exports had not been impacted so far by the recent tanker incidents in the Persian Gulf.

Energy

INSTEX shareholders considering dealing with Iran oil: Mogherini

The European trade channel with Iran is reaching its final stages as it’s processing several transactions and some European countries are thinking about buying Iranian oil to inject the revenues into the mechanism.

Financial Markets

Iran’s oil sales rising, more petrodollars coming back: CBI

Central Bank of Iran says oil sales are on the rise and that petrodollars are coming back much easier as Iran forays into various avenues to examine how to bypass the US sanctions.

Energy

Iran government approves plan to restructure budget under US sanctions

The restructuring comes after the US reimposed economic sanctions on the country’s vital oil and banking sectors, reducing Tehran’s petrodollars.

Macro Economy

EU considering buying Iran oil through INSTEX to keep Tehran in nuclear deal

The EU’s plan to continue trading with Iran in defiance of US sanctions has, so far, come up short. Tehran wants oil included in the new barter system, INSTEX. Despite US threats, Brussels appears to be listening.

Financial Markets